Payroll Coordinator - Bengaluru, India - Labcorp

Labcorp

Verified Company

Bengaluru, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Essential Job Duties:

The Payroll Coordinator will provide full functional payroll support for the allocated APAC or EMEA payrolls, although primarily home country, ensuring they are processed accurately and on time.

They will ensure processing, payments and reporting deadlines are being met in a timely and accurate manner.

They will have a good understanding of the statutory rules and regulations within their assigned APAC or EMEA countries and they will ensure these are being adhered to, in order to achieve compliance with local legislation.

Within their role, they will also provide support to the Senior Payroll Specialist or Team Leader to promote and implement process excellence and initiatives where possible
.

These are the specific areas of accountability requiring decisions or delivery of results. Most positions have between six to ten key job duties. In this section, list and describe the position's principal responsibilities in concise, but comprehensive statements. Include those accountabilities that are critical to the successful performance of the job. Indicate % of time in a single work week spent on top duties (no less than 5% increments).
- **List all essential job duties**:1) Partners with External Local Payroll Bureaus, as well as with a number of key stakeholders, ranging from HR Partners, Recruitment teams and HR Service Delivery to Line Managers, Benefits, Rewards, Country Leads and Finance teams, to ensure the effective delivery of the monthly payroll processing as well as delivering timely and accurate Year End reporting and submissions for their assigned countries. (10%)

2) Responsible for the collection, formatting and sending of payroll related data to the payroll bureaus for payroll processing, whilst adhering to the payroll calendar deadlines. (20%)

3) Responsible for validating the payroll output for assigned countries and performing peer validation of final payrolls for other payrolls within the team. (25%)

4) Provides monthly Cash Funding Forecast so that the IAS Accounting and Treasury departments can fund the relevant bank accounts for all payroll related payments.

Manages all net salary payment processes using Labcorp approved platforms; partners with the Accounting team for approval and payment release.

Ensures distribution of payslips is done by the local payroll bureaus. (5%)

5) Supports query management through liaising with the business, the Local Payroll Vendors, HR and other departments as required to ensure timely resolution of queries on behalf of Labcorp Employees. Acts as the 1st point for escalation of payroll related queries from the HR Service Delivery team. (10%)

6) Prepares monthly Payroll Journal and Gross to Net report for the IAS Accounting department and supports related Finance queries. (5%)

7) Writes and keeps up to date the payroll standard operating procedures documents to ensure clear guidelines are in place on how to run country specific payrolls. (5%)

8) Completes monthly payroll metrics on a monthly basis.

Provides support to the Team Leader or Senior Payroll Specialist in developing regular or ad hoc communications to Labcorp business, to ensure employee awareness around transitions or other changes related to payroll.

(5%)

9) Works closely with the Local Payroll Provider(s), Country Leads and HR to ensure local compliance practices are being followed and all payroll/employment tax, government and local filings are being submitted in a timely manner.

(10%)

10) Assist with Audits both internal and External and SOX controls. (5%)

Education/Qualifications:

Any Graduate / Post Graduate.

Experience:

2+ years in APAC or EMEA payroll processing/ project management.

Labcorp is proud to be an Equal Opportunity Employer:

As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind.

We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic.

We encourage all to apply.

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